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October 16, 2019

How The Best Comps Are Chosen

Appraisal, Appraisal Industry, Appraisal Management, Appraiser, Mortgage Industry, Real Estate Valuations, TriMavinBy Colby Stearns October 16, 2019

The key to the appraisal process is for the appraiser to determine the value of the property that he or she is inspecting. One of the essential tasks that helps appraisers arrive at an appropriate value is the use of comparable sales, or comps, which are the prices of recently sold homes that are similar…